GasBuddy Blog

GasBuddy News Article

votes

Does the Wind Production Tax Credit Matter?

technology review -- The fast-growing but still relatively tiny U.S. wind industry is in danger of suddenly spinning to a halt. Its fate will largely depend on whether or not a large federal subsidy for wind power producers, set to expire this year, is renewed. And whether or not the so-called renewable electricity production tax credit (PTC) is extended appears to depend on the outcome of the presidential election.

President Obama supports an extension, whereas Republican presidential candidate Mitt Romney has come out in support of letting the credit expire without renewal. One thing is clear: Without an incentive like the PTC, the U.S. wind industry would surely not continue to grow.

The policy was originally established in 1992 as part of an energy bill signed by President George H. W. Bush. It gave a

Read the Full Article

Submitted Aug 18, 2012 By: NHLiveFree

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Does the Wind Production Tax Credit Matter?	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

leeac Champion Author Ohio Posts:1,596 Points:433,905 Joined:Jan 2012	Message Posted: Aug 18, 2012 10:06:46 PM Ignore leeac Report Abuse Encourage green energy.
carranco Champion Author Georgia Posts:1,027 Points:269,015 Joined:Dec 2008	Message Posted: Aug 18, 2012 10:01:18 PM Ignore carranco Report Abuse Let it expire. Shrink the federal government.
merlinCO Champion Author Colorado Posts:1,640 Points:341,395 Joined:Mar 2012	Message Posted: Aug 18, 2012 5:04:42 PM Ignore merlinCO Report Abuse The credit be there till oil companies pay taxes.
SUVFan Champion Author Columbus Posts:13,910 Points:1,632,600 Joined:Oct 2008	Message Posted: Aug 18, 2012 9:08:32 AM Ignore SUVFan Report Abuse It matters greatly: It needs to go away. The government needs to stop picking winners and losers. End all economic credits now. Reduce government expenditures to minimum levels. Get the federal government out of our lives as much as possible.
fracknsave Champion Author Grand Rapids Posts:1,666 Points:58,000 Joined:Mar 2012	Message Posted: Aug 18, 2012 8:51:27 AM Ignore fracknsave Report Abuse Nope
ClarkSC Champion Author South Carolina Posts:3,078 Points:1,011,405 Joined:May 2010	Message Posted: Aug 18, 2012 6:57:41 AM Ignore ClarkSC Report Abuse Let it expire.
djgunrunner Champion Author Salt Lake City Posts:10,099 Points:2,348,605 Joined:Apr 2005	Message Posted: Aug 18, 2012 1:32:20 AM Ignore djgunrunner Report Abuse What matters about a tax credit is that if you are not paying taxes others have to pay them for you.
KhelbenArunson Champion Author Michigan Posts:4,441 Points:717,640 Joined:Apr 2008	Message Posted: Aug 18, 2012 12:40:07 AM Ignore KhelbenArunson Report Abuse Yes it matters. I don't see the problem just take the money from big oil.
nd73 Champion Author Grand Rapids Posts:1,079 Points:489,140 Joined:May 2007	Message Posted: Aug 17, 2012 11:58:27 PM Ignore nd73 Report Abuse Too many subsidies already! With record high unemployment for all of Obamas presidency, the government needs to stop giving away money it doesn't have.
doeslayersr Champion Author Illinois Posts:9,116 Points:872,005 Joined:Dec 2010	Message Posted: Aug 17, 2012 11:55:56 PM Ignore doeslayersr Report Abuse Let the subsidy expire.
Focus2 Champion Author Illinois Posts:7,889 Points:1,919,155 Joined:Mar 2006	Message Posted: Aug 17, 2012 11:50:33 PM Ignore Focus2 Report Abuse The oil industry has the GOP in their pockets. The wind industry has no money yet to give them.
JohnofGB Champion Author Flint Posts:5,421 Points:1,096,195 Joined:Feb 2010	Message Posted: Aug 17, 2012 11:48:24 PM Ignore JohnofGB Report Abuse Not to the individuals. Now dividends or capital gain, thats a different story.
DandyDapple All-Star Author North Dakota Posts:715 Points:310,820 Joined:Sep 2008	Message Posted: Aug 17, 2012 11:37:56 PM Ignore DandyDapple Report Abuse ...
boatfloyd Champion Author Jacksonville Posts:1,718 Points:387,975 Joined:Mar 2012	Message Posted: Aug 17, 2012 11:35:53 PM Ignore boatfloyd Report Abuse We will have to wait and see what happens.
dieselgus1 All-Star Author Montana Posts:528 Points:482,400 Joined:Oct 2009	Message Posted: Aug 17, 2012 11:35:19 PM Ignore dieselgus1 Report Abuse like Romney but this should be extended. or replace in some form. need to encourage the use of solar more than wind, but its still part of getting off oil and becoming independent.
RAE344 Champion Author Virginia Beach Posts:3,059 Points:660,545 Joined:Jun 2011	Message Posted: Aug 17, 2012 11:34:40 PM Ignore RAE344 Report Abuse Getting tired of Obama's anything but oil policy. [Edited by: RAE344 at 8/18/2012 12:36:05 AM EST]
TheeRedRam Champion Author Hartford Posts:3,163 Points:672,635 Joined:Jun 2011	Message Posted: Aug 17, 2012 11:32:09 PM Ignore TheeRedRam Report Abuse Zzzzz....
BWJM Champion Author KW Posts:1,113 Points:303,780 Joined:Oct 2011	Message Posted: Aug 17, 2012 11:29:35 PM Ignore BWJM Report Abuse ok
vibdata Champion Author Massachusetts Posts:4,085 Points:848,325 Joined:Nov 2005	Message Posted: Aug 17, 2012 11:28:24 PM Ignore vibdata Report Abuse Viable renewables are overlooked in favor of ever confining BIG OIL desired alt fuels like gas and oil. You need to look at Gas and Oil as Alt. And wind and solar as mainstream. Then maybe things might change.
arb0526 Champion Author Greensboro Posts:1,976 Points:410,620 Joined:Mar 2011	Message Posted: Aug 17, 2012 11:28:06 PM Ignore arb0526 Report Abuse Odd why a Republican wants to stop a Republican led energy saver
rollercoaster All-Star Author Hartford Posts:502 Points:567,660 Joined:Jul 2008	Message Posted: Aug 17, 2012 11:27:30 PM Ignore rollercoaster Report Abuse obummer in the wind i agree !!!!!!!!!!!
jkpsr Champion Author New Jersey Posts:4,079 Points:1,101,905 Joined:Jun 2005	Message Posted: Aug 17, 2012 11:27:08 PM Ignore jkpsr Report Abuse We now are the country the 2nd largest production of wind electricity. Chins is 1st.
KnoxGasPriceSpy Champion Author Knoxville Posts:140,856 Points:919,820 Joined:Oct 2010	Message Posted: Aug 17, 2012 11:26:47 PM Ignore KnoxGasPriceSpy Report Abuse stay out of our pockets...
Hi1 Champion Author Ontario Posts:4,855 Points:1,724,610 Joined:Jun 2007	Message Posted: Aug 17, 2012 11:26:12 PM Ignore Hi1 Report Abuse Okay.
rippinusoff Champion Author Lexington Posts:7,403 Points:1,487,775 Joined:May 2007	Message Posted: Aug 17, 2012 11:25:48 PM Ignore rippinusoff Report Abuse The thugs in Washington would tax anything...even passing gas...jerks
CAroadrunner101 Champion Author California Posts:1,827 Points:1,316,175 Joined:Mar 2009	Message Posted: Aug 17, 2012 11:25:32 PM Ignore CAroadrunner101 Report Abuse really???
GRUMPY55 Champion Author California Posts:1,629 Points:423,500 Joined:Oct 2011	Message Posted: Aug 17, 2012 11:25:29 PM Ignore GRUMPY55 Report Abuse ok
yakstar Champion Author Montreal Posts:2,420 Points:479,645 Joined:Jan 2012	Message Posted: Aug 17, 2012 11:22:08 PM Ignore yakstar Report Abuse tax on wind? what next? bottled oxygen tax?
Badjef Champion Author Florida Posts:4,045 Points:817,840 Joined:Jan 2011	Message Posted: Aug 17, 2012 11:21:43 PM Ignore Badjef Report Abuse Any business in need of a "subsidy" is utilizing a failed model.
LocalSpyGuy Champion Author Tampa Posts:7,800 Points:1,585,175 Joined:Nov 2008	Message Posted: Aug 17, 2012 11:21:15 PM Ignore LocalSpyGuy Report Abuse Solar!
SparkieMi Champion Author Kalamazoo Posts:3,258 Points:588,325 Joined:Sep 2011	Message Posted: Aug 17, 2012 11:19:08 PM Ignore SparkieMi Report Abuse Interesting....
prcoqui Champion Author Maryland Posts:3,955 Points:1,674,175 Joined:Dec 2006	Message Posted: Aug 17, 2012 11:18:33 PM Ignore prcoqui Report Abuse Take the subsidies from Big Oil also.
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: Aug 17, 2012 11:17:32 PM Ignore regout Report Abuse Oh boy....
txkrb Champion Author Texas Posts:1,560 Points:638,705 Joined:May 2011	Message Posted: Aug 17, 2012 11:16:46 PM Ignore txkrb Report Abuse To rawdog: So based on your comment I assume you are saying banks and oil companies etc are top 1% but wind industry companies and their investors are not?? [Edited by: txkrb at 8/18/2012 12:18:31 AM EST]
NedW Champion Author Indianapolis Posts:5,614 Points:1,142,245 Joined:Mar 2008	Message Posted: Aug 17, 2012 11:16:35 PM Ignore NedW Report Abuse Hopefully, there will just enough of a tax credit to take them down after the industry is bankrupted and sell them to China.
txkrb Champion Author Texas Posts:1,560 Points:638,705 Joined:May 2011	Message Posted: Aug 17, 2012 11:12:59 PM Ignore txkrb Report Abuse The credit has been around for 20 years now plenty of time for the wind industry to get up and going, time for them to survive on their own I cannot believe the credit was adjusted for inflation, and increase of almost 50% This was a tax credit not a subsidy, tax credits require there to be a tax due on which to be offset by the credit, not loan guarantees and grants to solyndra etc like the current administration [Edited by: txkrb at 8/18/2012 12:15:09 AM EST]
Bigwaynef Champion Author South Carolina Posts:11,472 Points:2,080,760 Joined:Dec 2006	Message Posted: Aug 17, 2012 11:12:35 PM Ignore Bigwaynef Report Abuse Obamama in the wind...sounds good!
crreed1 Champion Author West Virginia Posts:1,985 Points:2,526,335 Joined:May 2005	Message Posted: Aug 17, 2012 11:12:35 PM Ignore crreed1 Report Abuse ok
Ticoman54 Champion Author Miami Posts:7,041 Points:1,491,795 Joined:Oct 2008	Message Posted: Aug 17, 2012 11:12:07 PM Ignore Ticoman54 Report Abuse I'm tired of these wasteful subsidies and Obama's incompetent policies. They both need to go!
millerin Champion Author Orlando Posts:2,310 Points:481,365 Joined:Jan 2012	Message Posted: Aug 17, 2012 11:11:25 PM Ignore millerin Report Abuse hmm...
CivicMA Champion Author Boston Posts:1,892 Points:535,095 Joined:Jun 2011	Message Posted: Aug 17, 2012 11:11:19 PM Ignore CivicMA Report Abuse Instead of tax subsidies, just funnel all the hot air from the politicians to power the windmills.
CDMAuto Champion Author Connecticut Posts:3,793 Points:753,915 Joined:Apr 2011	Message Posted: Aug 17, 2012 11:10:52 PM Ignore CDMAuto Report Abuse so what else is new
rawdog1313 Champion Author Lexington Posts:3,299 Points:1,642,805 Joined:May 2008	Message Posted: Aug 17, 2012 11:10:48 PM Ignore rawdog1313 Report Abuse Typical Romney......he's got his....he doesn't give a crap about anyone other than the top 1%....He's too busy putting his money in the Caymans.
crashintuc34 Champion Author Tucson Posts:4,047 Points:811,665 Joined:May 2010	Message Posted: Aug 17, 2012 11:10:47 PM Ignore crashintuc34 Report Abuse NO government subsidies!
rxman1 Champion Author Toledo Posts:9,545 Points:1,861,895 Joined:Nov 2007	Message Posted: Aug 17, 2012 11:10:05 PM Ignore rxman1 Report Abuse Subsidies for everyone.
PrinceLH Champion Author Ontario Posts:2,692 Points:538,045 Joined:Jun 2011	Message Posted: Aug 17, 2012 11:09:58 PM Ignore PrinceLH Report Abuse And the beat goes on!
1fulltank Champion Author Buffalo Posts:7,903 Points:1,544,310 Joined:Nov 2008	Message Posted: Aug 17, 2012 11:09:43 PM Ignore 1fulltank Report Abuse Never thought it was such a viable alternative anyway.
kzrooster Champion Author Kalamazoo Posts:2,385 Points:516,750 Joined:Nov 2011	Message Posted: Aug 17, 2012 11:07:10 PM Ignore kzrooster Report Abuse Wow, this could really hurt mid state Michigan.
SteelPenny Champion Author Dallas Posts:30,960 Points:2,606,740 Joined:Sep 2005	Message Posted: Aug 17, 2012 11:06:57 PM Ignore SteelPenny Report Abuse Sure does. It means we are screwed.
jem069 Champion Author Detroit Posts:2,538 Points:687,080 Joined:Jan 2011	Message Posted: Aug 17, 2012 11:06:12 PM Ignore jem069 Report Abuse Ok